Finance crew: buy this ish NOW

[tapout 5,000+ posts]

meh so far this year im down 2bucks according to the paper i got for my last quarter.shit.

pfft. My wife lost $300 in hers this quarter. Shes been very nonactive with it though. Shes held the same ones for years and always gained. Not this quarter.//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[BryanCain]

pfft. My wife lost $300 in hers this quarter. Shes been very nonactive with it though. Shes held the same ones for years and always gained. Not this quarter.//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

All Markets go UP and all Market go Down.

Unfortunately, when it comes down... it comes down much faster than it went up.

Trees do not GROW through the sky do they? They eventually go FALL down.

If you are going to make Money. Invest for CASH-FLOW/INCOME. And leave the hopes of a Capital Gains to the Speculators.

401(k) Investment vehicles are about to take a BEATING. If you are smart liquidate your 401(k) for an Asset that generate income and is not based on market volatility.

 

[Flipx99 5,000+ posts]

They seem cheap. Have you read their Annual Report? What is the Balance Sheet Equity Per Share to Market Price Per Share ratio? What is the Asset secured by? Can I guarantee a return of my Principle + Interest(Dividend)?
Are you in the business of LENDING money with RETURN of principle and interest... or do you Speculate?

Good questions to ask yourself as you are trying to become a CREDITOR to this Corporation.

Buying shares on the secondary market is not lending anyone anything...well, perhaps the street name as they will loan out your shares to short sellers, but that is a totally different matter.

All Markets go UP and all Market go Down.
Unfortunately, when it comes down... it comes down much faster than it went up.

Trees do not GROW through the sky do they? They eventually go FALL down.

If you are going to make Money. Invest for CASH-FLOW/INCOME. And leave the hopes of a Capital Gains to the Speculators.

401(k) Investment vehicles are about to take a BEATING. If you are smart liquidate your 401(k) for an Asset that generate income and is not based on market volatility.

I'd like to see some well documented research here...if you don't count "bubbles", but recognition of fundamental value...not really true. I also can't believe you are reccomending 401(k) liquidation...which is subject to taxes and fees. Moreover, many people, including myself, are unable to get anything but hardship distributions unless they also change jobs. I asked my benefit provider (thrift savings plan)...cannot get a rollover distribution unless I quit.

 

[Propimp 10+ year member]

Buying shares on the secondary market is not lending anyone anything...well, perhaps the street name as they will loan out your shares to short sellers, but that is a totally different matter.


I'd like to see some well documented research here...if you don't count "bubbles", but recognition of fundamental value...not really true. I also can't believe you are reccomending 401(k) liquidation...which is subject to taxes and fees. Moreover, many people, including myself, are unable to get anything but hardship distributions unless they also change jobs. I asked my benefit provider (thrift savings plan)...cannot get a rollover distribution unless I quit.

Hey Flip what do you think of the TSP here at work. And if you dont mind me asking which funds do you haves your allocated to?

I used to have mine 50/50 in the I fund and G fund, I just changed mine to the L40(i think 40 if not 30) fund.

 

[Pl8er 5,000+ posts]

In for Flip's opinion on the stock.

 

[ace_800 5,000+ posts]

I stopped my TSP fund and went to a regular IRA fund. I might get taxed on the money before I put in, but its better than gettting taxed on everything when I go to pull it out.

 

[Propimp 10+ year member]

I stopped my TSP fund and went to a regular IRA fund. I might get taxed on the money before I put in, but its better than gettting taxed on everything when I go to pull it out.

wont it be the same? your not pulling it out all at once.

 

[Flipx99 5,000+ posts]

Hey Flip what do you think of the TSP here at work. And if you dont mind me asking which funds do you haves your allocated to?
I used to have mine 50/50 in the I fund and G fund, I just changed mine to the L40(i think 40 if not 30) fund.

I am 60% L40 and the rest split between I, C, and S. Basically I want to overweight the risky.

In for Flip's opinion on the stock.

No opinion really. I don't really follow the stock...so I can't be like Jim Cramer and tell you an instant opinion.

I stopped my TSP fund and went to a regular IRA fund. I might get taxed on the money before I put in, but its better than gettting taxed on everything when I go to pull it out.

Why? With the TSP you get matched 100% up to 5% unless you are active duty. Then your strategy makes sense....as you also get a pension. I contribute 5%, get matched 100% of that 5%....even if my investments don't make a dime in capital gains or dividends, that's pretty good return for my time horizon....(lousy if over 20, 30, 40 years)

wont it be the same? your not pulling it out all at once.

No. Tax rates can be different when you retire. There is no way to predict the tax rates in advance. Some people take out more and just live off the savings. Others use the retirement funds to augment part time work. It's hard to be generic about specific financial situations. For what it's worth, I contribute to TSP and Roth IRA. If the TSP didn't match, I'd only contribute to the IRA.

 

[bigbirney420 10+ year member]

Id stay away from the banking and financial sector for now, we havent seen the bottom yet.

 

[Propimp 10+ year member]

Thanks, Yea the whole they match me 5% is great. I love free money. thanks for the info Flip

 

[bigbirney420 10+ year member]

Thanks, Yea the whole they match me 5% is great. I love free money. thanks for the info Flip

Anytime you can get employer or Govt to match, take full advantage. You can always roll it into IRA at a later date in life for future tax dealings.

 

[Propimp 10+ year member]

ok wtf is a IRA and what are the benifits to an IRA over the TSP?

 

[Flipx99 5,000+ posts]

Anytime you can get employer or Govt to match, take full advantage. You can always roll it into IRA at a later date in life for future tax dealings.

We have to quit before we can roll it over...

 

[Flipx99 5,000+ posts]

ok wtf is a IRA and what are the benifits to an IRA over the TSP?

Individual Retirement Account...it's kind of like social security but voluntary. The benefits of an IRA is that you can invest in a wider variety of things whereas the TSP limits you to a few choices.

There are 5 types of IRAs, but you should only concern yourself with two....the traditional or the Roth. The traditional works like a 401(k) in that you get taxed upon distribution. The Roth taxes upfront and no taxes in the future...although I am doubtful that the govt will let people live tax free.

 

[PV Audio 5,000+ posts]

They seem cheap. Have you read their Annual Report? What is the Balance Sheet Equity Per Share to Market Price Per Share ratio? What is the Asset secured by? Can I guarantee a return of my Principle + Interest(Dividend)?
Are you in the business of LENDING money with RETURN of principle and interest... or do you Speculate?

Good questions to ask yourself as you are trying to become a CREDITOR to this Corporation.

I am not trying to be a creditor to anyone. I was watching the ticker on CNBC this morning, saw it was down another 8%, and said shit, I'm buying. Later in the day, turns out it was listed as the pick of the day.